Why is he wrong, what is the other side of the debate from you then? I agree that there will be $100+ oil some day, may not be this year or next, it's coming though. I've believed that for many years, and it isn't far away.

Jim just stated $100, and said it was possible this year, not a definite, isn't it a possibility? Saying that he's wrong, means to me that you believe $100 oil isn't possible at all.

- a hurricane hitting the Mexican Gulf hard
- a little war with Iran
- accident of a tanker, damaging an important port
- accident at a refinery
- the oil industry finally acknowledging that we already passed peak oil
- a nice revolution in Saudi Arabia
- the dollar falling 20%
- Iran or Latin America starting the new oilburse
- the introduction of the H4

- a hurricane hitting the Mexican Gulf hard
- a little war with Iran
- accident of a tanker, damaging an important port
- accident at a refinery
- the oil industry finally acknowledging that we already passed peak oil
- the dollar falling 20%
- the introduction of the H4

More...

H4, LOL ! the H3 is on my most hated car list.

remember what happened during katrina. we profitably shorted this event. EVERYONE expected the opposite effect.

As long as there is insecurity in the middle east and terrorists target oil refineries, speculators will be long oil.... as long as an administration which has shown its propensity for siding with big business over the american people stays in power, oil will continue to at least stay where it is (though in my strong opinion will likely, go higher).....

That's what I believe....

Jim Rogers, in the past, has been quite good with determining where commodities will be going....unfortuneately, he has not been so good with timing....his predictions often take years to crystallize.....

one thing is for sure.....if jim rogers is buying oil, he's keeping it for years....this is the heart of what he, as a commodity speculator, tends toward doing...Jim Rogers has a reputation for adding to losing positions until the market goes his way....

In the mean time, I'm staying away from oil and trading futures that tend to be correlated with oil's price action: T-Bonds....